Enabling Innovation in Extractive Industries in Commodity Based Economies

Thomas Gstraunthaler, Liliana N Proskuryakova
2012 Innovation: Organization and Management  
Federation As dependence on the extraction of natural resources seems inevitable in the short-and even medium-term perspective, commodity based economies will face the need to increase the sustainability and profitability of their extractive industries. This paper sets out to analyze the R&D policies of Brazil, Russia and South Africa, and benchmark them against the sizeable and innovative extractive industry of Canada. Although the countries in our sample have similar economic features, we
more » ... ic features, we stress the differences between their social and economic stage of development. The particularities in each country's economic situation at times correspond with a different policy mix. Besides that, there are not many differences in the innovation policy instruments used in an economically advanced country vs. fast-growing economies. Rather, it is their synergy, governance, targeted design and application that make the difference.
doi:10.5172/impp.2012.986 fatcat:6bsd7yhj4jbj7knk5rb7p46s7a